Owner, Prometheus Market Insight
Contributor's Links: Owner, Prometheus Market Insight

Erik is the owner and senior market technician for Prometheus Market Insight and has been performing chart analysis since 1995. The software program that he developed to monitor long-term stock market trends has correctly identified 92% of the cyclical turning points in the S&P 500 index ... more

ALL CONTRIBUTIONS

E Stock Market Intermediate-Term Low Nearly Confirmed
The intermediate-term low in stocks that has been developing since late August has nearly been confirmed.
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E US Dollar Confirms Intermediate-Term Breakdown
The recent intermediate-term breakdown of the US Dollar index was confirmed this week, forecasting additional losses.
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E Stock Market Bubble Now Largest Of Past 100 Years
Fueled by historic Federal Reserve stimulus, the stock market bubble has become the largest of the past 100 years, surpassing even the 1929 and 2000 peaks.
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Gold Attempts To Break Out Of Trading Range
Gold has been confined to a trading range since March, with support at the 1,220 level and resistance in the 1,295 area. For the past week, prices have been attempting to move above the 1,295 resistance level.
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E Stocks Approach Intermediate-Term High As Market Internals Signal Caution
Stocks are approaching an intermediate-term high as market internal data continue to suggest that the bull market is vulnerable to a reversal.
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Stock Market Bubble Now Second Largest Of Past 100 Years
Short-term price behavior only has meaning when analyzed in the proper context afforded by the long-term view, so all investing and trading strategies should begin with a thorough understanding of the big picture.
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Comments

Latest Comments
Stock Market Continues Test Of Critical Support Level
1 year ago

That is an excellent question, Alexis, and worthy of a long, in-depth discussion. However, the short answer is that market prices are based on the decisions of all market participants, regardless of whether they are basing those decisions on rational, fundamental data or irrational imperatives such as greed and fear. Essentially, market behavior reflects the sum total of all knowledge and emotion driving the decisions of its participants.

In this video: SPX
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STOCKS I FOLLOW

DIA SPDR Dow Jones Industrial Average
QQQ PowerShares QQQ Trust Series 1
SPY SPDR S&P 500

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LATEST ACTIVITY

Erik McCurdy
Short-term Forecast for September 18, 2017 https://t.co/y1Bec81QmW
Erik McCurdy
Intermediate-term Forecast for September 16, 2017 https://t.co/eeEAoGZS9K
Erik McCurdy
Potential Intermediate-term Signal: US Dollar Index Cycle Analysis https://t.co/xKjR55cG9v
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PERSONAL BLOG

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Work Experience

Owner
Prometheus Market Insight
January 2000 - Present (18 years)

Education

University of Florida
MS
1993 / 1995
Computer Engineering
University of Virginia
BS
1989 / 1993
Computer Engineering

Publications